Canada on Friday called for a focused agenda for next week's G20 summit to discuss economy and fixing the global financial system, saying that "timely, targeted and coordinated action from all major economies" is necessary.

Canada will push for all countries to take action to remove toxic assets from banks to boost lending, as a prerequisite to economic recovery, Kory Teneycke, spokesman for Prime Minister Stephen Harper told reporters.

"This must happen before a broader economic recovery can take place," Teneycke said.

Canada will also be calling for further additional stimulus to the economy, especially those countries that have not introduced stimulus equal to 2 percent of their gross domestic product, he said.

"In order to ensure long-term success, all G20 countries must remain committed to adopting medium- and long-term policy measures in addition to short-term stimulus efforts that have taken place to date," he said.

He said Canada has done its share and will not unveil additional stimulus "at this time" but "doesn't categorically preclude" it.

The Canadian government in January unveiled an additional spending of 40 billion Canadian dollars (US$32 billion) to stimulate the economy over the next two years.

(Xinhua News Agency March 28, 2009)